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both boehner and mitch mcconnell said taxes will simply not go up, period. >> bu i think you're missing the second part of the sentence which is they're willing to consider new revenue. there are lots of ways, in that old expression, to skin a cat. i thought john boehner the other day was quite emphatic in saying we are open to new revenues under the right framework. dave gergen is absolutely correct. i think this is a two-step deal. i think it's too ambitious with too little time to get to the grand bargain in the so-called lame duck session of the congress. but i think you can scrape together enough to avoid sequestration and avoid the fiscal cliff or fiscal slope. remember, they have to come up with only about $100 billion. i know that sounds weird. but $100 billion to set that aside. between spending cuts and perhaps some loophole closures i think they can raise it. but you can't confuse that with a long-term deal. >> john podesta, does the math work, though, which is if you close deductions for the wealthy people can you raise enough revenue? i think that's the fundamental question
both boehner and mitch mcconnell said taxes will simply not go up, period. >> bu i think you're missing the second part of the sentence which is they're willing to consider new revenue. there are lots of ways, in that old expression, to skin a cat. i thought john boehner the other day was quite emphatic in saying we are open to new revenues under the right framework. dave gergen is absolutely correct. i think this is a two-step deal. i think it's too ambitious with too little time to get...
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. >> spoke with the minority leader in the senate mitch mcconnell and he said we're willing to fix the tax rate, close the loopholes but i don't think they will bargain on raising the rates. i think they honestly believe and i agree that raising tax rates on capital gains will hurt the economy. but there's another side which is the spending side and there are some republicans who say look if the democrats and president obama won't negotiate well let's just do these automatic across the board spending cuts may be the only way we can get democrats to cut the budget. >> some out there in the financial markets they say look we need to cut four times more than the president is proposing under his $4 trillion plan. i'm curious your take why the president has been silent. i guess this is strategic. boehner gave an interview a press conference. he's giving a press conference tomorrow. earlier cnn was told the president won't say anything but tonight we heard he'll make a statement tomorrow. >> the election was two days ago. today is thursday. he'll make a statement tomorrow. markets are volati
. >> spoke with the minority leader in the senate mitch mcconnell and he said we're willing to fix the tax rate, close the loopholes but i don't think they will bargain on raising the rates. i think they honestly believe and i agree that raising tax rates on capital gains will hurt the economy. but there's another side which is the spending side and there are some republicans who say look if the democrats and president obama won't negotiate well let's just do these automatic across the...
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. >> on brightbart.com, mitch mcconnell piled on. i know some people out there think tuesday's results mean republicans in washington are now going to roll over and agree to democrat demands that we hike taxes before the end of the year. i'm here to tell them that there is no truth to that notion whatsoever, end quote. president obama campaigned on raising taxes of the wealthiest americans. his favorite line, we must all pay or faur shair share, even t taxing the wealthy won't solve the debt crisis. what does this all mean? we take our cue from "the prois price is right." that's right. because of this tire d argument we could fall off the much talked about fiscal cliff. we're waiting. cop on, mr. yodeler. we should have started this sooner. you get the picture. talk back today, should obama or republicans blink on taxes? facebook.com/carolcnn. facebook.com/carolcnn. your responses later this hour. >>> the ballots in florida not all counted yet. some of the races are coming down to the wire. will this act of florida's election history
. >> on brightbart.com, mitch mcconnell piled on. i know some people out there think tuesday's results mean republicans in washington are now going to roll over and agree to democrat demands that we hike taxes before the end of the year. i'm here to tell them that there is no truth to that notion whatsoever, end quote. president obama campaigned on raising taxes of the wealthiest americans. his favorite line, we must all pay or faur shair share, even t taxing the wealthy won't solve the...
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>> and mitch mcconnell -- >> and mitch mcconnell by the way. right. >> the president is in a different position now. re-elected by a pretty impressive margin than he was the last time he tried to forge a deal that collapsed. >> right. that was the debt ceiling. he had a real problem with that with the grand bargain. he also had after the 2010 midterms when he had a lame duck session of congress and he had to give on keeping the tax cuts for the wealthy. this is a president right now who believes he's got some leverage. he got re-elected. and these are republicans who are trying to figure out just who they are and what they stand for. and as you saw in the president's press conference earlier this week, he's somebody who studied the flaws of a second term. what he wants to do is make some progress without overreaching. it's very clear they're worried at the white house about doing some overreach here. if he can get a fiscal deal done, that will be very, very important for his legacy in the long-term. and he knows it. >> are the republicans opera
>> and mitch mcconnell -- >> and mitch mcconnell by the way. right. >> the president is in a different position now. re-elected by a pretty impressive margin than he was the last time he tried to forge a deal that collapsed. >> right. that was the debt ceiling. he had a real problem with that with the grand bargain. he also had after the 2010 midterms when he had a lame duck session of congress and he had to give on keeping the tax cuts for the wealthy. this is a...
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the person who's taking a harder stance is mitch mcconnell. let's listen to what he says from the senate side. >> we don't happen to think the government needs more revenue. the government spends too much as it is. if democrats are willing to reduce spending and strengthen entitlement programs, which we all know are on an unsustainable path that threatens our own long-term viability and the economic well-being of our children and grandchildren, then we'll be there. what we won't do is raise tax rates. >> okay. so read the fine print. raise tax rates. now, there's a difference between raising tax rates and raising revenue, making people pay more by doing things which the republicans have suggested like, you know, capping loopholes or capping deductions, reducing deductions and that type of thing. so there is some type of room. right now, you know, you do have the sides going in a pretty hard position. >> the president's also under some pressure from his left flank. in the debt ceiling negotiations, a lot of people forget he seemed willing to tr
the person who's taking a harder stance is mitch mcconnell. let's listen to what he says from the senate side. >> we don't happen to think the government needs more revenue. the government spends too much as it is. if democrats are willing to reduce spending and strengthen entitlement programs, which we all know are on an unsustainable path that threatens our own long-term viability and the economic well-being of our children and grandchildren, then we'll be there. what we won't do is...
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both boehner and mitch mcconnell said taxes will not go up, period. >> think you're missing the second part of the sentence which is they're willing to consider new revenue. there are lots of ways, excuse the expression, to skin a cat. i thought john boehner was emphatic when he said they're willing to open it with the right framework. thing this is a two-step deal. i think it's too ambitious with too little time to get to the grand bargaining, the so-called lame duck session of the continuation. but i think you can scrape together enough to avoid sigh kwenltd strain. remember, they have to come up with only about $100 bill to set that aside. between spending cuts and loophol loopholes, i think you have to raise that. >> onpodesta, does the magts work, though, which is if you close produkz for the wealthy people, can you raise enough revenue? >> i think that's the fund mental question. >> well, i thnk the -- you know, this baurng the really contentious issue in the campaign. i think the only way do that is to take enough of a bite out of the plan. >> thing what the republicans would ar
both boehner and mitch mcconnell said taxes will not go up, period. >> think you're missing the second part of the sentence which is they're willing to consider new revenue. there are lots of ways, excuse the expression, to skin a cat. i thought john boehner was emphatic when he said they're willing to open it with the right framework. thing this is a two-step deal. i think it's too ambitious with too little time to get to the grand bargaining, the so-called lame duck session of the...
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>> you always ask that question except to mitch mcconnell. >> oh, mitch mcconnell, the senate minority leader is 70 years old. nancy pelosi is 72. in the world of politics, age is kind of a skewed concept. average age of members of the house is 56. and of senators it's 62. i mean, paul ryan is thought of as a young gun. he's 42. that's eight years shy of being a card-carrying member of the aarp. ronald reagan was 69 when he first ran for president. many worried he was too old for the job until his famous quip during a debate. >> i will not make age an issue of this campaign. i am not going to exploit, for political purposes, my opponent's youth and inexperience. >> yes, reagan used age to his advantage. but seriously, how old is too old? remember senator strom thurman who commuted from walter reed to the capitol at the age of 100? his aides had to vote for him. of course, this argument isn't limited to the world of politics. ageism rages in the role world, too. how often have you heard those under 30 grumbling about those old guys sucking up all the jobs? so the talk back question of t
>> you always ask that question except to mitch mcconnell. >> oh, mitch mcconnell, the senate minority leader is 70 years old. nancy pelosi is 72. in the world of politics, age is kind of a skewed concept. average age of members of the house is 56. and of senators it's 62. i mean, paul ryan is thought of as a young gun. he's 42. that's eight years shy of being a card-carrying member of the aarp. ronald reagan was 69 when he first ran for president. many worried he was too old for...
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mcconnell all will begin talks at the white house. cnn's jill dougherty is following those developments for us this morning. she's in our washington, d.c. bureau. good morning, jill. >> hello, soledad. well, this is it. both sides are going to be there. they're looking at the tone. they're looking at the president, what kind of tone will he set? you have to say that they're coming in both sides with their essential positions intact. all, both sides are saying that there is some room for a compromise. so, the essential thing is how do you compromise? if you look at the positions, let's say, of the republicans, and it's most strongly, as i say, relayed by senator mitch mcconnell, he does not, and they do not, want any tax increases. so let's listen to him first. >> and let's be clear, an opening bid of $1.6 trillion of new taxes just isn't serious. it's more than simpson-bowles or any other bipartisan commission has called for. it's been unanimously rejected in the house and senate, it's twice as much as the white house seemed ready to
mcconnell all will begin talks at the white house. cnn's jill dougherty is following those developments for us this morning. she's in our washington, d.c. bureau. good morning, jill. >> hello, soledad. well, this is it. both sides are going to be there. they're looking at the tone. they're looking at the president, what kind of tone will he set? you have to say that they're coming in both sides with their essential positions intact. all, both sides are saying that there is some room for a...
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wednesday, the business community and friday, there's a meeting with harry reid, mitch mcconnell, house speaker john boehner and nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles simpson since everybody knows him by his initials here in washington. >> so, when you talk about things, sacred cows, untouchables, whatever the word might be, in your proposal, the one paul ryan decided not to back, the one barack obama decided not to back, you had an increase in the federal gasoline tax. caps on mortgage interest. charitable donations and retirement contributions. these were all top choices. you also increased the eligibility age for medicare and social security. reduced benefits for wealthier seniors. some of those things average democrats and republicans say they agree on, other, they loathe them. is there anything that should be untouchable? >> the problems are real, no easy way out. we've got to come up with at l
wednesday, the business community and friday, there's a meeting with harry reid, mitch mcconnell, house speaker john boehner and nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles simpson since everybody knows him by his initials here in washington. >> so, when you talk about things, sacred cows,...
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today, the rhetoric was ratcheted up another notch as mitch mcconnell slammed the president's plan. to raise 1.6 trillion in tax increases over the next ten years. >> an opening bid of $1.6 trillion in new taxes just isn't serious. it's more than simpson bowles or more than any other commission has called for. it's twice as much as the white house seemed ready to agree to during last summer's debt ceiling talks. a joke. >> dick durbin joins me now. good to see you. it's a joke. what do you think? >>. >> i think senator mcconnell needs to take another look at the report. i severed on that commission. a reduction of $4 trillion came from revenue. it was in the range of $1.6 trillion. >> you talk about 1.6 trillion. there's ways to get there in ways that don't necessarily raise tax rates. you could cap deductions at $35,000 and have the estate tax go back to where it was and get $1.3 million. i'm simply making the point there's a loft ways to get there that don't involve raising tax rates. is that a compromise you'd ever consider? >> you're right, but i think what the president's tryin
today, the rhetoric was ratcheted up another notch as mitch mcconnell slammed the president's plan. to raise 1.6 trillion in tax increases over the next ten years. >> an opening bid of $1.6 trillion in new taxes just isn't serious. it's more than simpson bowles or more than any other commission has called for. it's twice as much as the white house seemed ready to agree to during last summer's debt ceiling talks. a joke. >> dick durbin joins me now. good to see you. it's a joke. what...
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go to john boehner, go to mitch mcconnell and say let's promote these policies that help poor people that help the middle class that promote jobs. that's what the president's been trying to do. that's what he's calling for in saying that the wealthy should pay their fair share. it'd be nice of some of these moderate thinkers or new thinkers like jindal actually held the republicans who are in power to task a little more instead of kicking the last guy down the road. >> you tweeted this, ana navarro, livid at romney saying obama won because offered minorities "gifts." as if he didn't alienate hispanics enough wliel running. look in mirror, mitt. >> i'm very upset about the comments mitt romney made. it shows him having sour grapes. that's not a great exit for a man who just lost. you need to look at yourself, the campaign. go and look at the film. how did you run your campaign towards hispanic, african-americans? are you satisfied with what you did? does it correlate with the amount you got? also, it's frankly offensive. i can tell you as a hispanic republican, i find those comments o
go to john boehner, go to mitch mcconnell and say let's promote these policies that help poor people that help the middle class that promote jobs. that's what the president's been trying to do. that's what he's calling for in saying that the wealthy should pay their fair share. it'd be nice of some of these moderate thinkers or new thinkers like jindal actually held the republicans who are in power to task a little more instead of kicking the last guy down the road. >> you tweeted this,...
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. >> the problem as mitch mcconnell sees it is spending. that's on entitlements like medicare, obviously republicans would like to see more in the way of spending cuts, democrats are more to favor tax increases, the likely outcome of all of this is going to be a little bit of each, but the white house acknowledging jay carney, the white house press secretary in a statement, don, there are differences, but they can work through them and the real question i think now is how close are they going to cut it? are they going to take it to the very edge. we heard from harry reid, he said they won't wait until the last day of september, and house minority leader nancy pelosi said the goal is to get it done before christmas. we should be so lucky. >> we should be so lucky. holidays are coming up. it is a beautiful back grdrop b you look a little chilly. >> it is a little cold. >> brianna keilar, thank you. >>> what do fiscal cliff talks mean for your money? for your 401(k)? wall street investors might get nervous if talks aren't wrapped up quickly. i
. >> the problem as mitch mcconnell sees it is spending. that's on entitlements like medicare, obviously republicans would like to see more in the way of spending cuts, democrats are more to favor tax increases, the likely outcome of all of this is going to be a little bit of each, but the white house acknowledging jay carney, the white house press secretary in a statement, don, there are differences, but they can work through them and the real question i think now is how close are they...
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senate majority leader harry reid and senator minority leader mitch mcconnell and nancy pelosi not surprising here. what's the expectation? >> well, you know, we'll see. publicly, suzanne, there has been a much more consillatory tone that we've seen since the election, whether it's from the president or the house speaker john boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the end of the day if we do go off the fiscal cliff that they're not blamed for it. they're the ones who looked reasonable, not unreasonable, and they're preparing for the other side to blame them for the opposite, if that makes sense. that's a lot of what you are saying in public. the reality is that neither side has a really clear machine date or clear vote and no one wants to look at the end of the day like they never gave compromise a chance. listen to republican bob corker, though, because there does seem to be a little bit of a crack on the republican side on whether or not it's okay to raise some taxes. >>
senate majority leader harry reid and senator minority leader mitch mcconnell and nancy pelosi not surprising here. what's the expectation? >> well, you know, we'll see. publicly, suzanne, there has been a much more consillatory tone that we've seen since the election, whether it's from the president or the house speaker john boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the...
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mcconnell in the senate and to democratic leadership. the president telling them that he is committed to finding a bipartisan solution to some of the tough problems, such as cutting taxes for middle class americans, creating jobs. what's unclear at this point is what else will the president do beyond making phone calls? will he be invoighting the leadership here to the wit house? will they be having retreats elsewhere? what is cloer is already up on capitol hill the loweredship is talking about getting things done. >> by working together and creating a fairer, simpler, cleaner tax code we can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines any lines in the sand. he isn't going to draw any lines in the sand, i don't believe. we need to work together. >> the president said he believes the message that the americans sent in the election is that they want members of congress, both parties, to put aside their diff
mcconnell in the senate and to democratic leadership. the president telling them that he is committed to finding a bipartisan solution to some of the tough problems, such as cutting taxes for middle class americans, creating jobs. what's unclear at this point is what else will the president do beyond making phone calls? will he be invoighting the leadership here to the wit house? will they be having retreats elsewhere? what is cloer is already up on capitol hill the loweredship is talking about...
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it is not surprising, harry reid, mitch mcconnell, house speaker john boehner and house minority leader nancy pelosi. >>> the husband of gabrielle giffords says their long-term plan is to move forward and try not to look back at the day that giffords was shot. on january 8, 2011, loughner opened fire at a rally for gabrielle giffords. he shot her in the head at point-blank range. 12 others were wounded and six killed. yesterday a judge sentenced loughner to life in prison without the possible of parole. gabrielle giffords sat through the sentencing with her husband mark kelly by her side. kelly talked to our piers morgan about what it was like to be in that courtroom. >> it was certainly a little stressful. it was tense. especially when he walked in the room. when he responded to the judge. after a while i got to settle down a bit but just sitting there for all of the other victim impact statements is really a tough thing. you know, gabby said afterwards for her the biggest emotion was just sadness to hear story after story of what the impact of this horrible day had on people. it was r
it is not surprising, harry reid, mitch mcconnell, house speaker john boehner and house minority leader nancy pelosi. >>> the husband of gabrielle giffords says their long-term plan is to move forward and try not to look back at the day that giffords was shot. on january 8, 2011, loughner opened fire at a rally for gabrielle giffords. he shot her in the head at point-blank range. 12 others were wounded and six killed. yesterday a judge sentenced loughner to life in prison without the...
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. >> and the real problem, as mitch mcconnell sees it, the senate minority leader sees it, suzanne, is spending. he said, you know, but his folks still believe that this is a spending problem and overspending problem and not an under taxing problem. we heard from speaker john boehner. he said that revenue is on the table. the issue here is that president obama has said he wants to increase tax rates on wealthy americans. the speaker and house republicans are still not on board with increasing tax rates, although perhaps closing some loopholes to raise some revenue, and even though there's a lot of kind of kumbaya going on here, suzanne, there's still a lot of tough work that needs to be done. they're still maybe punting on some of the important issues like tax reform and entitlement reform, but they'll be dealing with the fiscal cliff here in the near term. >> it's probably difficult to tell, but we see these pictures, and it's very common, right? you get about 30 seconds to see them all in a room together. they're patting each other on the back, smiling, and shaking hands, that kind o
. >> and the real problem, as mitch mcconnell sees it, the senate minority leader sees it, suzanne, is spending. he said, you know, but his folks still believe that this is a spending problem and overspending problem and not an under taxing problem. we heard from speaker john boehner. he said that revenue is on the table. the issue here is that president obama has said he wants to increase tax rates on wealthy americans. the speaker and house republicans are still not on board with...
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senators harry reid, mitch mcconnell, and speaker boehner and congresswoman nancy pelosi will be there. this afternoon, we heard the president say just about two hours ago, that he is open to compromise. he's open to new ideas received by a standing ovation walking in the room there. there is one point the president is sticking to. higher taxes for people making higher incomes. >> i refuse to accept any approach that isn't balanced. i'm not going to ask student and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> just about two hours before we saw the president, we saw this man, republican house speaker john boehner, he said, quote, everything on the revenue side and the spending side has to be looked at, end quote. when it comes to specifics, speaker boehner put the ball firmly in the president's court. >> i don't want to box myself in. i don't want to box anyone else in. i think it is important for us to come to an agremt with the president, but this is his opportunity lead. >> exac
senators harry reid, mitch mcconnell, and speaker boehner and congresswoman nancy pelosi will be there. this afternoon, we heard the president say just about two hours ago, that he is open to compromise. he's open to new ideas received by a standing ovation walking in the room there. there is one point the president is sticking to. higher taxes for people making higher incomes. >> i refuse to accept any approach that isn't balanced. i'm not going to ask student and seniors and...
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we saw him already reach out by phone to john boehner, to mitch mcconnell, also to leadership in the democratic party. so we'll see if this promise of bipartisanship will last beyond just a couple of days. >> dan lothian for us this morning. thank you, dan. let's get right to john berman with a lack at some of the other stories making news today. good morning. >> good morning, soledad. cnn is projecting that ann kirkpatrick will return to congress. she barely beat republican challenger, jonathan payton. yet several house races are still up for grabs across the country this morning. in palm springs, california, republican mary bono mack, she's not giving up. she trailed democrat raul luis with all precincts reporting, but she says a large number of ballots have yet to be reported. mack's husband, connie mack, lost his bid in florida to bill nelson. in another tight race, alan west is not conceding defeat. he's demanding a partial recount in his re-election bid against democratic challenger patrick murphy. right now murphy has a very slim lead of less than 2,100 votes, but that's sligh
we saw him already reach out by phone to john boehner, to mitch mcconnell, also to leadership in the democratic party. so we'll see if this promise of bipartisanship will last beyond just a couple of days. >> dan lothian for us this morning. thank you, dan. let's get right to john berman with a lack at some of the other stories making news today. good morning. >> good morning, soledad. cnn is projecting that ann kirkpatrick will return to congress. she barely beat republican...
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i guess -- oh, you always ask that question except to mitch mcconnell. ♪ [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch,
i guess -- oh, you always ask that question except to mitch mcconnell. ♪ [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. [ "the odd couple" theme playing ] humans. even when...
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look, both speaker boehner and mitch mcconnell, the minority leader, said in the last few days we're willing to put tax revenue increases on the table. that's a big kmie on republicans that have been staunchly anti-tax in the past. this is a situation where you have to meet in the middle. two years ago we did get a deal where we extended the tax cuts but president obama said the economy is too weak for a tax increase. what's different today than two years ago. the economy is weaker today than when president obama did this in 2010? >> i think we can certainly talk about when all of these deficit reduction measures took effect because the economy is so week. but we cannot, as you just said, sustain trillion dollar deficits. we now have a lever, a cliff, whatever you want. we have an almost unique moment in time where congress has to do something. i think if we let this moment pass without having meaningful deficit reduction, a year from now or not, i'm open to discussing that. >> we're out of time, but very quickly to you steve moore, i have no doubt personally with the president and t
look, both speaker boehner and mitch mcconnell, the minority leader, said in the last few days we're willing to put tax revenue increases on the table. that's a big kmie on republicans that have been staunchly anti-tax in the past. this is a situation where you have to meet in the middle. two years ago we did get a deal where we extended the tax cuts but president obama said the economy is too weak for a tax increase. what's different today than two years ago. the economy is weaker today than...